Femico is a 58-year-old married man with four grown children. He is a corn farmer, and is also planning to get involved with livestock farming in order to give his family a better way of living.
Femico is having problems growing his pig farming business because he is prioritizing the corn farming. Therefore, he wants a loan of 50,000 Philippines Pesos (PHP) to buy feed for his pigs.
Femico wants to continue managing his business while it grows. He is determined to succeed and improve things for his family.
About Alalay sa Kaunlaran, Inc.
This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.